The Asian Development Bank (ADB) is dedicated to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.Established in 1966, it is owned by 68 members—49 from the region—who have committed $323.17 billion in loans toward the vision of a region free of poverty.Despite the region’s successes, issues still to be fully addressed include poverty and inequality, climate change, growing environmental pressures, and large infrastructure deficits.Singapore has provided $520.23 million in capital subscription to ADB as of 31 December 2020. It has also contributed and committed $27.94 million to Special Funds since joining the bank in 1966. Companies and consultants from Singapore have since been awarded $807.1 million in procurement contracts on ADB-financed projects.

In 2020, ADB’s lending volume was $26.9 billion (149 projects), with technical assistance at $293.56 million (275 projects)

Established in 1966, ADB has committed $323.17 billion in loans toward the vision of an Asia and Pacific region free of poverty. Singapore is a founding member of ADB.

SINGAPORE: ShAREhOldING ANd VOtING POwERNumber of shares held: 36,120 (0.340% of total shares)

Votes: 75,234 (0.566% of total membership, 0.869% of total regional membership)

*Overall capital subscription: $520.23 million

*Paid-in capital subscription: $26.01 million * United States dollar figures are valued at rate as of 31 December 2020.

ASIAN DEVELOPMENT BANKMEMBER FACT SHEET

SINGAPORE CONtRIbutIONS tO SPECIAl FuNdS RESOuRCES

Singapore has contributed to the Asian Development Fund (ADF), which was ADB’s window for concessional lending to its borrowing members up to 31 December 2016 and continued as a grant-only operation from 1 January 2017; and the Technical Assistance Special Fund (TASF), which provides grants to borrowing members to help prepare projects and undertake technical or policy studies.

Contributions:ADF (committed): $24.66 million TASF (committed): $3.28 million

and grant-financed projects at $1.08 billion (62 projects). In addition, $16.41 billion in commitments from sovereign and nonsovereign cofinancing was generated.

From 1 January 2016 to 31 December 2020, ADB’s annual lending volume averaged $19.69 billion. Investment grants and technical assistance funded by ADB and Special Funds resources averaged $805.5 million and $230.81 million, respectively, over the same period.

As of 31 December 2020, cumulative commitments (excluding cofinancing) were $323.17 billion in loans for 3,369 investment projects in 44 countries, $11.3 billion in 495 grants, and $5.01 billion in technical assistance grants, including regional technical assistance grants.

In addition to loans, grants, and technical assistance, ADB uses guarantees and equity investments to help its developing member countries (DMCs).

With its headquarters in Manila, ADB has 44 offices around the world, with 3,653 staff from 64 of its 68 members as of 31 December 2020.

updated as of November 2021

FINANCING PARTNERSHIPSADB arranges cofinancing from bilateral and multilateral sources, export credit agencies, and commercial sources in the form of loans and grants, B loans, risk transfer arrangements, parallel loans and equity, guarantees, and cofinancing for transactions under ADB’s Trade and Supply Chain Finance Program and Microfinance Program. Cofinancing brings additional resources to ADB’s project financing. In 2020, total sovereign and nonsovereign cofinancing commitments amounted to $16.41 billion for 236 projects, of which $16.15 billion was for 111 investment projects, $185.79 million was for 125 technical assistance projects, and $76 million was mobilized through transaction advisory services. Cumulative sovereign and nonsovereign cofinancing commitments for the period 1970–2020 amounted to $127.16 billion for 3,051 projects, of which $123.92 billion was for 1,082 investment projects, $2.65 billion was for 1,969 technical assistance projects, and $593.5 million was mobilized through transaction advisory services.

Cofinancing commitments with Singapore from 1 January 2016 to 31 December 2020 comprised the following:

Projects• Nonsovereign:7projects,cofinancing

of $540.92 million

A list of projects cofinanced by Singapore is available at www.adb.org/what-we-do/financing-partnerships/sovereign-financing#donor-countries.

Trust FundsTrust funds are key instruments to mobilize and channel external sources to finance technical assistance and components of investment projects. They play an important role in complementing ADB’s own funding resources. Initially, trust funds were established through single-donor channel financing agreements targeting a number of specific sectors. ADB has been increasingly switching to multi-donor trust funds covering thematic issues and theme-focused umbrella initiatives, called financing partnership facilities, which support priority areas such as water, clean energy, regional cooperation and integration, urban sector financing, and health. In close interaction with the fund contributors, ADB will use these resources strategically to promote innovation, enhance project quality, and provide critical support for project implementation.

NONSOVEREIGN OPERATIONSAs a catalyst for private investments, ADB provides financial assistance to nonsovereign projects and financial intermediaries. Total commitments in loans and equity investments from ADB’s own funds in 2020 amounted to $1.4 billion for 38 transactions in economic and social infrastructure, finance sector, and agribusiness. ADB also actively mobilizes cofinancing from commercial and concessional sources. In 2020, ADB mobilized $1.9 billion of long-term project cofinancing and $3.3 billion of cofinancing through its Trade and Supply Chain Finance Program and Microfinance Program. Total outstanding balances and commitments of nonsovereign transactions funded by ADB’s own resources stood at $14.3 billion as of 31 December 2020.

The Oversea-Chinese Banking Corporation Limited and ADB have cofinanced an energy project in Indonesia. Temasek invested in a regional private equity fund, alongside ADB.

The ADB Singapore Office started operations in January 2020.

Singapore’s Share of Procurement Contracts for Loan, Grant, and Technical Assistance Projects

Item

2019 2020 Cumulative (as of 31 dec 2020)Amount

($ million) % of TotalAmount

($ million) % of TotalAmount

($ million) % of TotalGoods, works, and Related Services 1.91 0.01 3.20 0.01 683.68 0.32 Consulting Services 13.71 1.81 7.28 0.99 123.43 0.87 Total Procurement 15.62 0.10 10.47 0.04 807.10 0.35

Investment Projects Cofinanced with Singapore, 1 January 2016–31 December 2020

Country ProjectADB Amounta

($ million)Cofinancing Amount

($ million) Type of Cofinancingb

India Multiples Private Equity Fund III limited 35.00 10.00 NS

Indonesia Jawa-1 liquefied Natural Gas–to–Power Project 185.05 61.01 NS

tangguh liquefied Natural Gas Expansion Project 400.00 270.00 NS

Myanmar Ascent Myanmar Growth Fund I l.P. 10.00 43.60 NS

Myingyan Natural Gas Power Plant 139.26 96.84 NS

thailand Eastern Economic Corridor Independent Power Project 50.00 45.00 NS

Regional trade Finance Programc 1,088.80 14.47 NSa Loan, grant, or blend.b NS = nonsovereign cofinancing.c The program limit for ADB’s regional Trade Finance Program (TFP) ($1 billion since 2009, and increased to $1.35 billion in 2018 and $2.15 billion in 2020) is the maximum exposure the TFP can assume at

any one point in time. This limit has never been breached. Although the TFP exposure exceeds the program limit annually, this limit was not breached at any one point in time because TFP transactions tend to be short—on average less than 180 days—and the program limit can revolve (be reused) within a year. In addition, the TFP distributes risk exposures to various partners that leverage its capital resources.

PROCuREmENTEach year, ADB provides loans, grants, and technical assistance to fund projects and activities in its developing member countries; and several billion dollars in contracts to procure goods, works, and consulting services. Most contracts are awarded on the basis of international competition, which is open to firms and individuals from all ADB members.

Share of ADB’s Procurement Contracts

Goods, Works, and Related ServicesADB’s procurement contracts in Asia and the Pacific for goods, works, and related services under loan and grant operations totaled $14.19 billion in 2019 and $22.79 billion in 2020. Cumulative procurement since 1966 has been $216.35 billion covering 222,415 contracts.

For contractors and suppliers from Singapore, 2,083 contracts worth $683.68 million have been awarded since 1966.

Consulting ServicesADB’s procurement contracts in Asia and the Pacific for consulting services under loan, grant, and technical assistance operations totaled $756.72 million in 2019 and $732.11 million in 2020. Cumulative procurement since 1966 has been $14.13 billion covering 67,086 contracts.

For consultants from Singapore, 420 contracts worth $123.43 million have been awarded since 1966.

Top 5 Contractors/Suppliers from Singapore Involved in Goods, Works, and Related Services Contracts under ADB Loan and Grant Projects, 1 January 2016–31 December 2020

Contractor/Supplier Sector

Contract Amount

($ million)huawei - tbEA Co. ltd. Consortium ENE 11.05 Comin Asia Pte. ENE 6.80 S.t. Electronics Pte. ltd. tRA 4.16 Grundfos (Singapore) Pte. ltd. ANR 2.90 ItE Education Services (ItEES) Edu 1.08 Others 4.02 Total 30.01 ANR = agriculture, natural resources, and rural development; Edu = education; ENE = energy; tRA = transport.

Top 5 Consultants from Singapore Involved in Consulting Services Contracts under ADB Loan, Grant, and Technical Assistance Projects, 1 January 2016–31 December 2020

Consultant Sector

Contract Amount

($ million)ItE Education Services Pte. ltd. Edu 7.99 Finnish Consulting Group Asia Pte. ltd. ANR, Mul,

PSM, wuS 5.07

ICEM Asia Consulting Pte. ltd. ANR 2.94 PricewaterhouseCoopers Advisory Services  Pte. ltd.

Mul 2.13

Castlerock Consulting Pte. ltd. ENE 1.82 Individual Consultants 3.88 Others 13.88 Total 37.70 ANR = agriculture, natural resources, and rural development; Edu = education, ENE = energy; Mul = multisector; PSM = public sector management; wuS = water and other urban infrastructure and services.

ADB GOVERNORLawrence Wong is the Governor for Singapore in ADB.

ADB ALTERNATE GOVERNORTan Ching Yee is the Alternate Governor for Singapore in ADB.

ADB DIRECTOR AND ALTERNATE DIRECTORWan Farisan bin Wan Sulaiman (Malaysia) is the Director and San Thida (Myanmar) is the Alternate Director representing Singapore on the ADB Board of Directors.

ADB DIRECTOR’S ADVISORSChaiyasith Boonyanate (Thailand) and Addizulfadli Darussalam (Brunei Darussalam), together with the Director and Alternate Director, also provide technical advice and assist interested parties of the constituency members in their contacts with ADB.

CONSTITuENCY REPRESENTEDThe constituency that the Director and Alternate Director represent on the ADB Board of Directors also includes Brunei Darussalam, Malaysia, Nepal, and Thailand. 

ADB STAFF mEmBERSAs of 31 December 2020, there were 17 international staff from Singapore in ADB (10 men and 7 women), which represents 1.29% of the total international staff, including four senior staff members.

ANNuAL mEETINGADB’s fourth Annual Meeting was held in Singapore on 15–17 April 1971.

CONTACTSAsian Development Bank Singapore Office12 Marina Boulevard37-03 Marina Bay Financial Centre, Tower 3Singapore 018982ADB Singapore Office General Line:Tel: 65-6216 1800Tel: 65-6216 1801

Sonali Tang is the Regional Director.

ministry of Finance100 High Street #06-03The Treasury, Singapore 179434Fax: +65 6337 4134MOF_ADB@mof.gov.sg

ADB Headquarters6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines Tel: +63 2 8632 4444 Fax: +63 2 8636 2444 www.adb.org

The Kandy-Mahiyangana national highway in central Sri Lanka was upgraded under the ADB-supported National Highways Sector Project.

Notes:Figures are estimated by ADB, unless otherwise stated. “$” refers to United States dollars.Data are updated as of 31 December 2020, unless otherwise indicated.